Malaysia Industry

Malaysia: Industrial production accelerates further in November

January 10, 2014

Industrial production expanded 4.4% in November over the same month of the previous year. The figure marked an acceleration compared to the 1.7% increase observed in October and overshot market expectations of a 2.9% rise. November's acceleration was led by growth in the electricity sector, while manufacturing and mining also increased.

On a monthly basis, industrial production increased a seasonally-adjusted 3.6% in November, which was double the 1.8% expansion that was observed in October. However, annual average growth in industrial production decreased from 2.9% in October to 2.7% in November.

FocusEconomics Consensus Forecast panelists project that industrial production will grow 4.8% in 2014, which is up 0.2 percentage points from last month's projection. In 2015, the panel expects industrial output to expand 4.8%.

Author:Carl Kelly, Economist

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